Valero Energy (NYSE:VLO) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.01 on revenue of $30.85B. Analysts polled by forecast EPS of $2 on revenue of $28.94B. That compared to EPS of $1.91 on revenue of $23.56B in the same period a year earlier. The company had reported EPS of $2.15 on revenue of $31.02B in the previous quarter.
For the year, Valero Energy shares are down 5.97%, under-performing the S&P 500 which is down 1.03% year to date.
Valero Energy follows other major Energy sector earnings this month
On Thursday, Equinor ADR reported third quarter EPS of $0.5 on revenue of $19.14B, compared to forecasts of EPS of $0.51 on revenue of $19.36B.
Schlumberger earnings beat analyst's expectations on October 19, with third quarter EPS of $0.46 on revenue of $8.5B. analysts expected EPS of $0.45 on revenue of $8.6B
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